Malaga Cove Capital LLC Makes New $407,000 Investment in Keurig Dr Pepper, Inc $KDP

Malaga Cove Capital LLC acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,304 shares of the company’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new stake in Keurig Dr Pepper during the 1st quarter valued at $210,000. Envestnet Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 13.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company’s stock valued at $96,609,000 after acquiring an additional 339,530 shares during the period. New Mexico Educational Retirement Board increased its position in shares of Keurig Dr Pepper by 4.4% in the first quarter. New Mexico Educational Retirement Board now owns 52,600 shares of the company’s stock valued at $1,800,000 after acquiring an additional 2,200 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Keurig Dr Pepper by 288.9% during the first quarter. Nisa Investment Advisors LLC now owns 326,724 shares of the company’s stock valued at $11,256,000 after acquiring an additional 242,721 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Keurig Dr Pepper by 3.8% during the first quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock worth $353,000 after purchasing an additional 371 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on KDP shares. Bank of America lowered their price target on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. HSBC reaffirmed a “hold” rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.27.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 7,601 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $25.96 on Friday. The stock has a fifty day simple moving average of $26.99 and a two-hundred day simple moving average of $31.20. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $35.27 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.